U.K. Man Jailed for Running Illegal Crypto Cash Machines
A UK court sentenced Olumide Osunkoya to four years in prison on 28 February 2025 for running unregistered cryptocurrency ATMs. The 46-year-old was found guilty of illegal transactions totaling over £2.5 million and related crimes. The Financial Conduct Authority (FCA) charged Olumide Osunkoya with operating illegal cryptocurrency ATMs…
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1 year ago
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A UK court sentenced Olumide Osunkoya to four years in prison on 28 February 2025 for running unregistered cryptocurrency ATMs. The 46-year-old was found guilty of illegal transactions totaling over £2.5 million and related crimes. The Financial Conduct Authority (FCA) charged Olumide Osunkoya with operating illegal cryptocurrency ATMs… Read More
Bitcoin fell below $65,000 as surging oil prices and higher Treasury yields triggered a broader retreat from risk assets. Data from CryptoSlate shows the largest cryptocurrency traded near $64,980 as Brent crude remained on track for a weekly gain of almost 10%. Oil settled 7% higher at $100.69 a barrel on July 23…
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6 hours ago
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Bitcoin fell below $65,000 as surging oil prices and higher Treasury yields triggered a broader retreat from risk assets. Data from CryptoSlate shows the largest cryptocurrency traded near $64,980 as Brent crude remained on track for a weekly gain of almost 10%. Oil settled 7% higher at $100.69 a barrel on July 23… Read More
The European Union has added cryptocurrency exchange HTX to its latest package of sanctions against Russia, expanding efforts to restrict financial networks that European authorities say have helped Moscow bypass existing restrictions.The package was adopted yesterday (Thursday) and covers Russian banks, cryptocurrency service providers, oil traders…
Published
6 hours ago
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The European Union has
added cryptocurrency exchange HTX to its latest package of sanctions against
Russia, expanding efforts to restrict financial networks that European
authorities say have helped Moscow bypass existing restrictions.The package was
adopted yesterday (Thursday) and covers Russian banks, cryptocurrency service
providers, oil traders… Read More
Ethereum price saw bearish pressure on July 24, though technical signs point to further upside potential for the cryptocurrency if the price manages to stay above the significant support zone. Investors and analysts are paying attention to the price behavior at $1,850, which is considered critical for ETH at the moment…
Published
6 hours ago
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Ethereum price saw bearish pressure on July 24, though technical signs point to further upside potential for the cryptocurrency if the price manages to stay above the significant support zone. Investors and analysts are paying attention to the price behavior at $1,850, which is considered critical for ETH at the moment… Read More
Strategy bought 1,550 BTC after a rare 32 BTC sale. Bitcoin is stabilising near $63K after a sharp 20% monthly drop. Analysts split on whether the $60K support will hold or break lower. Bitcoin has been moving through a volatile stretch marked by sharp liquidations, uneven recovery attempts, and conflicting signals from both technical indicators
Published
8 hours ago
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Strategy bought 1,550 BTC after a rare 32 BTC sale.
Bitcoin is stabilising near $63K after a sharp 20% monthly drop.
Analysts split on whether the $60K support will hold or break lower.
Bitcoin has been moving through a volatile stretch marked by sharp liquidations, uneven recovery attempts, and conflicting signals from both technical indicators and institutional activity.
The latest development is Strategy’s decision to purchase 1,550 BTC worth about $101.3 million shortly after a controversial small sale of 32 BTC.
Strategy’s return to accumulation after a rare Bitcoin sale
According to an SEC filing dated June 8, Strategy’s latest purchase of 1,550 BTC was at an average price of $65,332 per coin.
Notably, this followed a short-term sale of 32 BTC, which generated about $2.5 million and was linked to funding corporate obligations, including preferred-share dividend payments.
The sale drew attention because it marked a rare departure from the company’s long-standing accumulation narrative.
Now with the disclosed purchase, Strategy appears to have quickly resumed buying, increasing its total holdings to roughly 845,000 BTC.
The contrast between the small sale and the much larger purchase has become central to market interpretation.
The Michael Saylor’s company remains the largest corporate holder of Bitcoin, and its return to buying after the rare sale has been interpreted by traders as an attempt to reinforce confidence at a time when Bitcoin is still recovering from a sharp drawdown.
Bitcoin stabilises after liquidation-driven crash, but trend remains uncertain
Bitcoin is currently trading around $63,800 after a turbulent week that saw it fall to around $59,300 after failing to hold above $62,00.
Over the past seven days, Bitcoin has declined about 10.9%, while the 30-day drop stands near 20.8%.
At the same time, the market has shown signs of stabilisation after a heavy deleveraging phase.
Open interest in Bitcoin futures has dropped significantly, falling from about 901,000 BTC to roughly 716,000 BTC.
This decline reflects widespread liquidation of leveraged positions rather than sustained new short positioning.
During the same period, Bitcoin briefly rebounded after triggering more than $500 million in short liquidations in a single move.
However, analysts, including Xanrox, have pointed out that the price structure still shows breakdowns from both ascending and descending channels, a technical setup often associated with continued downside risk rather than immediate recovery.
Source: Tradingview/Xanrox
Despite this, Bitcoin has held near the $60,000 region, which is also close to its long-term 200-week moving average.
Historically, this level has acted as a key zone during major market resets, making it a closely watched area for both bulls and bears.
